According to Block Beats, ongoing tariff uncertainties continue to impact U.S. stocks, with mixed results at Thursday’s close. The Dow Jones Industrial Average fell by 1.33%, the S&P 500 rose slightly by 0.13%, and the Nasdaq saw a minor decline of 0.13%. U.S. markets will be closed on Friday for Good Friday. This marks the third consecutive week of losses for the major indices, with the Dow down 2.66%, the Nasdaq decreasing by 2.62%, and the S&P 500 dropping 1.5% over the week.
In the cryptocurrency market, Bitcoin remains stable at $84,000, while Ethereum hovers below $1,600, with reduced volatility in the altcoin market. Investors remain cautious amid tariff policy uncertainties, with concerns about declines in the derivatives market outweighing expectations for gains.
In the forex and commodities markets, the U.S. dollar index slightly decreased by 0.01%, marking its third consecutive week of weakness. Supported by a weaker dollar and optimistic energy trade comments from U.S. President Donald Trump, U.S. oil surged over 3% on Thursday, accumulating a weekly gain of about 5%. Meanwhile, gold prices retreated from high levels, with spot gold falling by 0.46%.
The European Central Bank continues its accommodative stance, while the Federal Reserve maintains a wait-and-see approach. On Thursday, President Trump criticized Federal Reserve Chair Jerome Powell’s interest rate policies as “always too late and wrong,” suggesting that Powell’s dismissal is urgent. The market is closely watching whether Powell will adjust policies due to political pressure.
